Since arriving in Knoxville, Hart has received a three-percent bonus after his first year, bumping his $575,000 base salary to $595,250 annually. The 64-year-old also receives $150,000 in annual supplemental compensation for media services and $25,000 as a “non-accountable expense allowance/reimbursement,” according to his university contract.

Hart’s contract mandates an annual $50,000 retention bonus. The bonus announced on Monday is the second of his UT tenure.

The extra $50,000 brings Hart’s annual earnings to $817,250, a figure ranking fourth among SEC athletic directors according to a USA Today compilation of salaries in March 2013.

“(Hart) has worked hard to develop a more efficient financial model and has put the right people in place, including coaches, to help reach UT’s aggressive goals,” UT Chancellor Jimmy G. Cheek said in the UT release.

Hart replaced former UT athletic director Mike Hamilton in 2011 after serving as Alabama’s executive director of athletics. He earned a salary of $341,250 at Alabama, according to a Tuscaloosa News database.

“I appreciate the confidence and commitment Chancellor Cheek has demonstrated by extending my contract,” Hart said in the release. “Tennessee is a special place and I am committed to the goals we have set and the opportunities we have to make a difference.”

Hart will be owed his next retention bonus of $50,000 if he remains at Tennessee through Aug. 31, 2014.